Nippon Piston Ring Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2019. For the period, the company reported net sales of JPY 41,428 million compared to JPY 42,690 million a year ago. Operating income was JPY 1,202 million compared to JPY 2,947 million a year ago. Comprehensive income was JPY 278 million compared to 901 million a year ago. Net income attributable to owners of parent was JPY 497 million against JPY 1,725 million a year ago. Income per share was JPY 60.65 compared to JPY 209.81 a year ago. Diluted income per share was JPY 60.16 compared to JPY 208.49 a year ago.

The company provided earnings guidance for the year ending March 31, 2020. For the year, the company expects net sales of 55,500 million, operating income of JPY 1,500 million, ordinary income of JPY 1,500 million and net income attributable to owners of parent of JPY 700 million or JPY 85.39 per share.

The company provided dividend guidance for the year ending March 31, 2020. For the year, the company expects dividend of JPY 55.00 per share against JPY 45.00 per share a year ago. Total dividend expects to be JPY 75.00 per share against JPY 75.00 per share a year ago.